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Helping Gensler: Proponents Look to Gin Up Support for Push Against Activist Hedge Funds

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Helping Gensler: Proponents Look to Gin Up Support for Push Against Activist Hedge Funds

Also, crypto firms get aid from House's Flood and Torres on custody rule; State Street to give ETF investors more say in voting shares

May 22, 2023
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Helping Gensler: Proponents Look to Gin Up Support for Push Against Activist Hedge Funds

www.capitolaccountdc.com

Gary Gensler’s effort to make hedge funds more quickly disclose big stakes in companies is getting some well-placed help. Sources say the office of Democratic Sen. Tammy Baldwin has been reaching out to some liberal allies and pro-shareholder groups asking them to publicly support the plan.

The SEC re-opened the comment period for the proposal last mont…

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